Target Stock Posts Largest 1-Day Gain in 4 Years. Here's Why It's Still Cheap.
On Nov. 15, Target (NYSE: TGT) stock posted its largest single-day gain since Aug. 21, 2019, after the company crushed expectations for its fiscal Q3 earnings. Wall Street is reacting favorably to Target's improving operating margin and profitability. But zoom out, and the company is still nowhere near its all-time high earnings year in fiscal 2021.
Let's dig into the numbers to find out what Target is doing to turn its business around, and why the dividend stock is still cheap even after its recent rally.
Image source: Getty Images.
Source Fool.com
Target Corp. Aktie
141,24 €
-0,76 %
Target Corp. wird von der Community favorisiert: Deutlich mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Target Corp. ein Kursziel von 171 €, was eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 141.24 € bedeuten könnte.
